Bullish (NYSE:BLSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bullish (NYSE:BLSH) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Bullish in a research note on Monday, September 8th. They set a “hold” rating and a $51.00 target price for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $68.00 price objective on shares of Bullish in a research report on Thursday, September 18th. Zacks Research upgraded shares of Bullish to a “hold” rating in a research report on Tuesday, September 9th. Jefferies Financial Group assumed coverage on shares of Bullish in a report on Monday, September 8th. They issued a “hold” rating and a $49.00 price target for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of Bullish in a report on Monday, September 15th. They set a “market perform” rating and a $55.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.

Bullish Stock Down 5.0%

BLSH opened at $36.55 on Friday. Bullish has a twelve month low of $36.02 and a twelve month high of $118.00. The business’s fifty day moving average price is $56.06. The firm has a market capitalization of $5.34 billion and a PE ratio of -730.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.75 and a current ratio of 24.59.

Bullish (NYSE:BLSH) last issued its quarterly earnings results on Wednesday, September 17th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The business had revenue of $57.00 million for the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Woodline Partners LP bought a new stake in shares of Bullish during the third quarter worth about $3,817,000. Zimmer Partners LP acquired a new position in Bullish during the 3rd quarter valued at about $6,997,000. Alyeska Investment Group L.P. bought a new stake in Bullish during the 3rd quarter worth approximately $38,166,000. Verition Fund Management LLC purchased a new stake in shares of Bullish in the third quarter worth approximately $389,000. Finally, Steadfast Capital Management LP bought a new position in shares of Bullish in the third quarter valued at approximately $9,223,000.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.